Dubai DFM to Introduce Central Counterparty Clearing in 2019
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Dubai DFM to Introduce Central Counterparty Clearing in 2019
Dubai Financial Market (DFM), the Gulf’s only listed stock exchange, today decided to introduce central counterparty (CCP) clearing for trades in equities. The service will be provided by a specialized clearing entity, which will also create a settlement default fund consistent with market best practice.
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DFM currently offers a CCP service for clearing derivatives trading on its subsidiary Nasdaq Dubai. The bourse will begin consultations after two months, whilst planning to launch the new service in early 2019.
As a central counterparty in the equities ... (read more)
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